NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Standard Chartered Americas (the “Bank”) today announced that it has entered a trade finance partnership with Truist Bank (NYSE: TFC) that will enhance Truist clients’ ability to conduct global business.
“Many of Truist’s corporate and commercial clients operate in the global economy and require solutions that allow them to complete transactions effectively across borders and throughout the supply chain,” said Chris Ward, Head of Wholesale Payments at Truist. “This partnership will allow our clients to more efficiently achieve their goals, scale their business, invest in their teams and build their communities.”
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In today’s SunTruist world it’s easy to see why any partnership, collaboration, purchase of some fintech etc may lead people to the conclusion that riffs will result from it.
If you read that headline and thought it meant that people were RIF'd as a result, you are an id--t and it would be better if you didn't work here. Truist may do d-mb stuff, but a partnership with a bank that it doesn't compete with, that does things that Truist can't do, is not one of those d-mb things.
Build communities. That’s rich. Like the community on this site?
Ward should be applauded for this. One of the smartest things we have done in awhile.